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<br /> <br />to b~~ due but unpai~~ by Sellers, or the balance owing by Sellers nn <br />thrri r mortgage will e::ceed ti?e balance owing by Be2yer, Buyer may <br />at his option :sake and apply his payments on the first rrcrtgage <br />and payments so made s3.a11 he credited to tlae balanoe t,lzon rena~.niny <br />ciao on the pur::hase pries. <br />T_I. <br />~a:zas, Insurance and Possession <br />1. tellers ay-ree to i~ay the general taxes on the real-;estate <br />for 1.973 anti all prior years and Buyer agrees to pay tle: general <br />ta:•:as on the real estate b=ginning with the taxes due for-'the <br />_~ar 197=~ and all subsequent years. <br />Z. Sellers agr=ae to place 3uyer ir. possession of the above <br />.lescribea real estate on April 13, 1974, and Buyer shall. be. entitled <br />to all 1974 crops. <br />3. Buyer agrees to keep the improvements situated on ttz~ above <br />described premises insured at their reasonable insurable value-at.a11 <br />tines during the tei:a of this Agreement. <br />4. 3uyer agrees that if he shall fail to pay before they <br />become delinquent, any tars against the real estate for the <br />year 1974 or any subsequent year, or insurance premiw~ns, Sellers. <br />may pay said taxes and premiums and the amount so paid shall <br />become due and payable forth:vith by the Buyer to the Sellers without '"v <br />notice or demand and shall become a part of the principal due <br />under this Cantract. <br />'.II <br />title <br />1. Sellers agree to furnish Buyer vrith an abstract of title <br />showing =_.erc±?antable title to rho eat estate_ In case the Saver`s <br />~`torrey'makes objection to ti?e title of Sellers as shown by <br />such abstract of title the Sellers shall have a reasonable time <br />in e;nick to correct any valid :3efect of title. If Sellers fail <br />or ufuse to correct any c*,.oritorious ~=?facts ir. their title Buyer <br />shall bs antitlec? to rE:scin3 this contract and r-aceivs back zrora <br />Sellers all payn±ents .ads hereunder or i3uyer may make laic corrections <br />acrd deduct the r•~asonabie casts end er;penses thereof from *i?e <br />balance due i?ereunder to Sellers. <br />2. 'sayer agrees not to place er to allow to remain if placed <br />;~~, ot;~ers any liens or encumbrances upon rile real estate until <br />Sellers have been paid ir. full under this Contract and that he will <br />lot perr.:i*_ any net to be done that might impair Sellers' security <br />interest. <br />3. This sale dons not include the irrigation well presently <br />located on the East several feet of the above described premises and <br />saiu •well shall remain the lroperty of the Sellers to be used by them for <br />so long as the sar:!e is in operable condition, k7hen the well ceases <br />to be operable and callers cease to use it the area where this wail is <br />located shall become the sole property of 3uyer. sellers reserve and <br />3uyer ac3rees that' shall have an easement for an underground :wire from <br />t?e present electrical outlet ;ahic:t 5.s approximately E30rJ feat west of <br />l~he akaove described wall to such well with the right of :entry to <br />repair, replace and maintain s~.;ch wire for so long as the well rc:mati^.s <br />in opa:rab3e conciitior. anal is u~.ed by Sellers. It _.> also ay.reed `a~:liers <br />;;ay at their own risk ,tore? tools, anti:;ues ar=.~l oth=_>r ~~ersonal ?repert~.+ <br />d.n the :xuonset buildin ;gin t.hc: ar~:c-.ises a^.t i.? ,,c~.ril 1, 1977, +rh::n t^~ <br />.~.a ;: ra~st be r~3,*~ove:l. <br />